84125 Tramonto Way
About This Property
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jun 16, 2024 | No longer available | - | |
| No longer available | |||
| Feb 27, 2024 | Listed by HomeSmart Professionals | $749,900 | |
| Listed by HomeSmart Professionals | |||
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Welcome to the coveted community of Terra Lago located in the City of Festivals, Indio CA! This is your chance to own a stunning 4-bedroom, 2-bath home in the only guard-gated lake community in the Coachella Valley that allows short-term rentals with no restrictions.
Step inside and be wowed by this home's newer interior and exterior paint, appealing newer flooring, custom shower, and upgraded pool with spa and firepit. The floorplan optimizes space, providing a feeling of spaciousness that belies the square footage. And with artificial turf throughout the backyard featuring coveted south mountain views, this home will take your breath away.
As a bonus, this property is priced below market value, making it a steal in comparison to other similar properties in the area. This home is positioned for savvy investors who want to invest in the growing Coachella Valley and benefit from the area's continued development.
In fact, this home offers unlimited potential passive income through short-term rentals and is an excellent 1031 tax exchange property. It represents the perfect opportunity for investors who want a home that they can generate income from, but also enjoy as a vacation retreat.
Don't miss the chance to own this fantastic home in the prized Terra Lago community, with plenty of walking areas, parks, sidewalks, clubhouse, fitness centers, and playgrounds, amongst other amenities. This is the time to invest in the thriving Coachella Valley, and this home provides an unrivaled opportunity to do so. The manager has listed the unit size as 1737 square feet.
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| Feb 24, 2024 | No longer available | - | |
| No longer available | |||
| Dec 7, 2023 | Price Decreased |
$779,000
↓ $20K
(2.5%) | |
| Price Decreased | |||
| Jul 17, 2023 | Listed by Berkshire Hathaway HomeServices California Properties | $799,000 | |
| Listed by Berkshire Hathaway HomeServices California Properties | |||
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WOW! Short-term rental friendly, south facing pool property with no neighbors in front of you! Captivating bright ambiance and tasteful upgrades throughout this 4 bedroom, 2 bathroom home with attached 2-car garage. An entertaining open floor plan seamlessly connects the living, dining and kitchen areas perfectly. The well-appointed kitchen boasts granite countertops, upper and lower cabinets, pantry, breakfast bar, and separate laundry room for convenience. Discover the new interior and exterior paint, flooring, lighting, fans and remodeled guest shower that adds to the modern luxury touch of the home. The primary suite has a large soaking tub, dual vanity, separate shower, and an oversized walk-in closet. Outside your own oasis awaits! The backyard offers a new pebble-tech pool with tanning ledge, spa with waterfall feature, inviting outdoor firepit area and artificial grass for minimal maintenance. Surrounded by the picturesque landscapes of the Coachella Valley, Terra Lago is a 24/7 guard-gated community offering an abundance of amenities without the high fees. Enjoy the stunning 20-acre lake, community pool and spa, gym, clubhouse, playground and catch-and-release fishing. Nearby attractions are Coachella and Stagecoach festivals, Indian Wells Tennis Garden, Acrisure Arena, golf and casinos for endless entertainment. A prime location, exceptional features and flexibility for STR's makes this property a fantastic investment opportunity and a true gem to call home. The manager has listed the unit size as 1737 square feet.
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017